EPS for Western Alliance Bancorporation (WAL) Expected At $0.83

January 19, 2018 - By Kurt Siggers

 EPS for Western Alliance Bancorporation (WAL) Expected At $0.83
Investors sentiment increased to 1.32 in Q3 2017. Its up 0.30, from 1.02 in 2017Q2. It increased, as 20 investors sold Western Alliance Bancorporation shares while 85 reduced holdings. 42 funds opened positions while 97 raised stakes. 84.78 million shares or 0.26% more from 84.56 million shares in 2017Q2 were reported.
Tygh Cap Mgmt holds 1.65% or 155,936 shares in its portfolio. Menta Capital Limited Liability Co, a California-based fund reported 13,700 shares. Gsa Capital Partners Ltd Liability Partnership invested in 0.06% or 17,544 shares. Cortina Asset Limited Com reported 0.28% stake. Brown Brothers Harriman & Co invested 0.06% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). 28 are held by Contravisory Investment Mngmt. Ubs Asset Mngmt Americas reported 0% stake. Koch Indus Inc holds 19,341 shares or 0.24% of its portfolio. Victory Capital holds 0.39% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 3.26M shares. The Illinois-based Envestnet Asset Mgmt has invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). Tdam Usa owns 0.11% invested in Western Alliance Bancorporation (NYSE:WAL) for 36,377 shares. Gam Hldg Ag reported 14,923 shares or 0.03% of all its holdings. Royal National Bank & Trust Of Canada reported 552,976 shares. Bb&T Corporation invested in 21,513 shares. State Board Of Administration Of Florida Retirement System accumulated 75,578 shares.

Since August 16, 2017, it had 0 buys, and 9 selling transactions for $14.85 million activity. $223,880 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by SNYDER DONALD D. 10,000 shares were sold by BOYD WILLIAM S, worth $555,462 on Monday, October 23. MCAUSLAN ROBERT REOCH sold $169,080 worth of Western Alliance Bancorporation (NYSE:WAL) on Friday, December 15. $223,560 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by BEACH BRUCE D on Wednesday, October 25. Sohn Sung Won sold $279,450 worth of stock or 5,000 shares.

Analysts expect Western Alliance Bancorporation (NYSE:WAL) to report $0.83 EPS on January, 25.They anticipate $0.13 EPS change or 18.57 % from last quarter’s $0.7 EPS. WAL’s profit would be $87.56 million giving it 17.61 P/E if the $0.83 EPS is correct. After having $0.79 EPS previously, Western Alliance Bancorporation’s analysts see 5.06 % EPS growth. The stock decreased 1.02% or $0.6 during the last trading session, reaching $58.46. About 405,217 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since January 19, 2017 and is uptrending. It has outperformed by 12.38% the S&P500.

Western Alliance Bancorporation (NYSE:WAL) Ratings Coverage

Among 13 analysts covering Western Alliance Bancorp (NYSE:WAL), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Western Alliance Bancorp had 42 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Sunday, August 27 by Jefferies. The stock has “Overweight” rating by Barclays Capital on Monday, July 24. The firm earned “Buy” rating on Thursday, January 4 by Sandler O’Neill. Wells Fargo initiated the shares of WAL in report on Thursday, September 1 with “Market Perform” rating. The firm has “Buy” rating given on Tuesday, January 2 by Barclays Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 10 report. The firm has “Buy” rating given on Tuesday, September 12 by Piper Jaffray. The company was upgraded on Tuesday, September 8 by FIG Partners. The stock has “Outperform” rating by Macquarie Research on Monday, October 19. DA Davidson upgraded the shares of WAL in report on Thursday, February 11 to “Buy” rating.

Western Alliance Bancorporation operates as the holding firm for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. The company has market cap of $6.17 billion. The firm offers deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts. It has a 20.09 P/E ratio. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans.

More important recent Western Alliance Bancorporation (NYSE:WAL) news were published by: Bizjournals.com which released: “Forbes: One of America’s best banks is based in Arizona” on January 10, 2018, also Businesswire.com published article titled: “Western Alliance #2 on Forbes 2018 “Best Banks in America” List”, Bizjournals.com published: “One Valley company is using Trump tax cuts to give workers a 7.5% raise …” on December 21, 2017. More interesting news about Western Alliance Bancorporation (NYSE:WAL) was released by: Businesswire.com and their article: “Western Alliance Bancorporation Announces Fourth Quarter 2017 Earnings Release …” with publication date: January 09, 2018.

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